Given That N Is the Number of Trials of a Random

question 41

Multiple Choice

Given that n is the number of trials of a random experiment, N is population size, M is the number of population units with the "success" characteristic, and p is the probability of success in the first trial, the mean of the hypergeometric random variable's probability distribution always equals:

• A) n
• B) np
• C) n(N/M)
• D) none of these

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Definitions:

Operating Divisions

Operating divisions are distinct parts of a company that focus on specific areas of operation or markets, often acting semi-independently within the larger organization.

Variable Costs

Costs that change in proportion to the level of output or activity in the production process.

Fixed Costs

Expenses that do not change with the level of production or sales activities, such as rent, salaries, and insurance.

Peak-period Orders

Orders that occur at the highest volume times, often during seasonal or specific heavy demand periods.